MIRA INFORM REPORT
|
Report Date : |
13.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
CIMA SHYAM SPRINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Co-operative House, 3rd Floor, Near Manisha Cross Road, Old
Padra, Vadodara-390015, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
26.09.2008 |
|
|
|
|
Com. Reg. No.: |
04-055127 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.45.068 Millions
|
|
|
|
|
CIN No.: [Company Identification
No.] |
U29130GJ2008PTC055127 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Not Available (From last 3 months not done any activity because of
some legal issues, they are going to change their activity.) |
|
|
|
|
No. of Employees
: |
2 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Temporarily Closed down |
|
|
|
|
Payment Behaviour : |
-- |
|
|
|
|
Litigation : |
-- |
|
|
|
|
Comments : |
As claimed by Mr. Jignesh, Accountant that subject company has not
undertaken business operation from last 3 months and they had also shutdown
factory operations due to some legal issue. Further he also claimed that company will start its business operation
in future with different line of business but he doesn’t have any idea when
company will going to start its business operations. As per status in the registrar of companies business appears to be
active. In view of closed down of business operations, the subject company
cannot be considered for business dealing.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of Investigation
books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
Not Available
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Jighnesh |
|
Designation : |
Accountant |
|
Contact No.: |
91-265-2323598 |
|
Date : |
11.11.2014 |
LOCATIONS
|
Registered Office : |
Co-operative House, 3rd Floor, Near Manisha Cross Road, Old
Padra, Vadodara – 390015, Gujarat, India |
|
Tel. No.: |
91-265-2323256 / 2323598 |
|
Mobile No.: |
91-9099979979 [Mr. Pritesh] |
|
Fax No.: |
91-265-2339291 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Closed form last three month |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Jaimin Girish Patel |
|
Designation : |
Director |
|
Address : |
Shyam Butt Bunglow, Behind Vaikunth, Society, |
|
Date of Appointment : |
26.09.2008 |
|
Din No.: |
00397139 |
|
|
|
|
Name : |
Mr. Hemalbhai Rameshchandra Patel |
|
Designation : |
Director |
|
Address : |
No.45, Pashabhai, Patel park,Race, |
|
Date of Appointment : |
26.09.2008 |
|
Din No.: |
01970342 |
|
|
|
|
Name : |
Mr. Rita Emillio Bellazzi |
|
Designation : |
Director |
|
Address : |
|
|
|
26.01.1962 |
|
Date of Appointment : |
24.11.2009 |
|
Din No.: |
02345266 |
KEY EXECUTIVES
|
Name : |
Mr. Jighnesh |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Belfin SPA Business, Italy |
|
1828946 |
|
Jaimin Girish Patel |
|
240450 |
|
Hemal Rameshchandra Patel |
|
102450 |
|
Shyam Management Services Private Limited, India |
|
1456010 |
|
Shyam Marketing Private Limited, India |
|
245000 |
|
Shyam Industries Limited, India |
|
328953 |
|
Mukesh G Desai |
|
57500 |
|
Nitin J Mankad |
|
30000 |
|
Rachit N Mankad |
|
20000 |
|
Sanjay J Mankad |
|
25500 |
|
Vaishali S Mankad |
|
47000 |
|
Bipin C Mankad |
|
60000 |
|
Minakshi N Mankad |
|
37500 |
|
Nisar Desai |
|
15000 |
|
Bipin Mankad |
|
12500 |
|
Total |
|
4506809 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
40.58 |
|
Bodies corporate |
45.05 |
|
Directors or relatives of Directors |
7.60 |
|
Other |
6.77 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Not Available (From last 3 months not done any activity because of
some legal issues, they are going to change their activity.) |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Not Available |
|
|
|
|
Purchasing : |
Not Available |
PRODUCTION STATUS As on 31.03.2012
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Coiler Springs |
(MT) |
2,400 |
2,400 |
7,55,198 |
GENERAL INFORMATION
|
Suppliers : |
Not Available |
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|
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Customers : |
Not Available |
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|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
2 (Approximately) |
|||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||||||||||||||||||
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Bankers : |
(Not providing the bank details) |
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|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Mahendra P. Shah and Company Chartered Accountants |
|
Address : |
224, Unique Trade Centre, Opposite Hotel Surya, Sayajigunj,
Vadodara-390005, Gujarat, India |
|
Tel. No.: |
91-265-2363889/6622649 |
|
E-Mail : |
|
|
PAN No.: |
ABWPS4479A |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4506809 |
Equity Shares |
Rs.10/- each |
Rs.45.068
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
45.068 |
36.564 |
|
(b) Reserves & Surplus |
|
(20.822) |
(11.275) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
1.396 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
25.642 |
25.289 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
74.832 |
73.850 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
74.832 |
73.850 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
51.018 |
44.558 |
|
(b) Trade
payables |
|
28.546 |
17.496 |
|
(c) Other
current liabilities |
|
0.643 |
1.125 |
|
(d) Short-term
provisions |
|
2.019 |
1.939 |
|
Total Current
Liabilities (4) |
|
82.226 |
65.118 |
|
|
|
|
|
|
TOTAL |
|
182.700 |
164.257 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
126.829 |
127.958 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.423 |
0.338 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
17.982 |
12.341 |
|
Total Non-Current
Assets |
|
145.234 |
140.637 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
17.675 |
8.314 |
|
(c) Trade
receivables |
|
6.742 |
7.903 |
|
(d) Cash
and cash equivalents |
|
1.136 |
1.631 |
|
(e)
Short-term loans and advances |
|
9.832 |
0.199 |
|
(f) Other
current assets |
|
2.081 |
5.573 |
|
Total
Current Assets |
|
37.466 |
23.620 |
|
|
|
|
|
|
TOTAL |
|
182.700 |
164.257 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
35.608 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(4.815) |
|
|
NETWORTH |
|
|
30.793 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
67.370 |
|
|
2] Unsecured Loans |
|
|
1.359 |
|
|
TOTAL BORROWING |
|
|
68.729 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
DEFERRED PAYMENT FOR MACHINERY |
|
|
7.650 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
107.172 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
93.689 |
|
|
Capital work-in-progress |
|
|
6.597 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.250 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
2.617
|
|
|
Sundry Debtors |
|
|
0.000
|
|
|
Cash & Bank Balances |
|
|
0.397
|
|
|
Other Current Assets |
|
|
1.144
|
|
|
Loans & Advances |
|
|
5.982
|
|
Total
Current Assets |
|
|
10.140 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
4.804 |
|
|
Other Current Liabilities |
|
|
2.417
|
|
|
Provisions |
|
|
0.000
|
|
Total
Current Liabilities |
|
|
7.221 |
|
|
Net Current Assets |
|
|
2.919 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
3.717 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
107.172 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
43.193 |
17.782 |
0.000 |
|
|
|
Other Income |
3.866 |
0.044 |
1.289 |
|
|
|
TOTAL (A) |
47.059 |
17.826 |
1.289 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
31.756 |
11.649 |
0.000 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(5.122) |
(2.445) |
0.000 |
|
|
|
Manufacturing and other
expenses |
6.957 |
3.499 |
0.007 |
|
|
|
Administrative and other
expenses |
3.052 |
2.406 |
2.695 |
|
|
|
Employees benefits expense |
4.247 |
1.774 |
1.798 |
|
|
|
Selling and distribution
expenses |
2.728 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
43.618 |
16.883 |
4.500 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3.441 |
0.943 |
(3.211 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.142 |
5.542 |
0.473 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(4.701) |
(4.599) |
(3.684) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.846 |
1.860 |
0.001 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(9.547) |
(6.459) |
(3.685) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(9.547) |
(6.459) |
(3.685) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(11.274) |
(4.815) |
(1.130) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(20.821) |
(11.274) |
(4.815) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
3.320 |
2.351 |
0.991 |
|
|
|
Capital Goods |
2.068 |
8.652 |
11.715 |
|
|
TOTAL IMPORTS |
5.388 |
11.003 |
12.706 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(2.26) |
(1.81) |
(1.37) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(22.10) |
(36.32) |
0.00 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
7.97 |
5.30 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(5.24) |
(3.94) |
(3.55) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.37) |
(0.26) |
(0.11) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
4.91 |
4.68 |
2.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.46 |
0.36 |
1.40 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2011 |
31.03.2012 |
|
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
|
36.564 |
45.068 |
|
Reserves & Surplus |
|
-11.275 |
-20.822 |
|
Share Application money
pending allotment |
|
0.000 |
1.396 |
|
Net worth |
|
25.289 |
25.642 |
|
|
|
|
|
|
long-term borrowings |
|
73.850 |
74.832 |
|
Short term borrowings |
|
44.558 |
51.018 |
|
Total borrowings |
|
118.408 |
125.850 |
|
Debt/Equity ratio |
|
4.682 |
4.908 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
|
31.03.2011 |
31.03.2012 |
|
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
|
17.782 |
43.193 |
|
|
|
|
142.903 |
NET PROFIT MARGIN
|
Net Profit Margin |
|
31.03.2011 |
31.03.2012 |
|
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
|
17.782 |
43.193 |
|
Profit |
|
(6.459) |
(9.547) |
|
|
|
(36.32%) |
(22.10%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
OPERATIONS:
During the year, total income of the Company was Rs. 47.059 Millions against Rs. 17.826 Millions in the previous year. The Company incurred a Net Loss after Tax of Rs. 9.547 Millions against Rs. 6.459 Millions in the previous year.
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Short Term
Borrowing |
|
|
|
Inter Corporate
Loan |
|
|
|
Inter Corporate
Loan |
1.394 |
1.243 |
|
Shyam Industries Limited |
1.981 |
0.962 |
|
Shyam Management Services Private Limited |
2.200 |
0.000 |
|
Others |
|
|
|
Jaimin G Patel |
0.215 |
0.000 |
|
Sanjay Associates |
0.067 |
0.067 |
|
Water Associates |
0.500 |
0.500 |
|
Madhuben R. Amin |
0.075 |
0.000 |
|
Ramanbhai D. Amin |
0.250 |
0.000 |
|
Shree Sachidanand Traders |
0.200 |
0.000 |
|
Total |
6.882 |
2.772 |
|
|
|
|
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10280043 |
22/11/2011 * |
10,000,000.00 |
IDBI BANK LIMITED |
CITY SME CENTER, RADHIKA ARCADE, NUPUR THEATRE, COMPLEX, JALNA ROAD, AURANGABAD, MAHARASHTRA - 431003, INDIA |
B28478519 |
|
2 |
10178107 |
30/08/2010 * |
90,000,000.00 |
BANK OF BARODA |
INTERNATIONAL BUSINESS BRANCH, SURAJ PLAZA, SAYAJIGUNJ, VADODARA, GUJARAT - 390017, INDIA |
A96540240 |
|
3 |
10166203 |
29/06/2009 |
90,000,000.00 |
BANK OF BARODA |
INTERNATIONAL BUSINESS BRANCH, VADODARA, GUJARAT - 390005, INDIA |
A65294647 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and machinery
- Office Equipments
- Furniture and Fixtures
- Computer
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other official
proceeding for making any prohibited payments or other improper payments to
government officials for engaging in prohibited transactions or with designated
parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.48 |
|
|
1 |
Rs.97.92 |
|
Euro |
1 |
Rs.76.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NTH |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.